Braemar Energy Ventures Invests in Leading Clean Energy Finance Company, Renew Financial
Braemar Energy Ventures (“Braemar”), a leading venture capital investor
in energy technology companies, today announced it made an investment
in Renew Financial, a rapidly growing company that specializes in
affordable financing for renewable energy and energy efficiency
projects. Specific terms were not disclosed.
Renew Financial announced in early February of this year that it had
raised $70 million to expand its clean energy and energy efficiency
finance products across the U.S. Apollo Capital Management, Angeleno
Group, Claremont Creek Ventures, LL Funds, Inc., NGEN Partners and
Prelude Ventures all took part in the new growth capital round. Renew
Financial secured additional capital from Braemar immediately following
its new growth capital round.
About Braemar Energy Ventures
Braemar Energy Ventures is a venture capital fund making early- to
mid-stage investments in the energy technology sector. The firm's
principals have invested in more than 60 companies in the sector and
have more than 100 years of combined technical, operational and
financial experience in energy and energy-related industries. Braemar
partners with exceptional companies and management teams, in both
alternative and traditional energy markets, that can contribute to a
more profitable and efficient energy landscape through innovation and
marketplace expertise. Additional information is available at BraemarEnergy.com or
on Twitter at twitter.com/braemarenergy or @BraemarEnergy.
About Renew Financial
Renew Financial was founded in 2008 by Cisco DeVries, who brought
together a multidisciplinary team of experts in finance, technology,
operations and government policy to innovate the Property Assessed Clean
Energy (PACE) financing model. The company specializes in affordable
financing for renewable energy, energy efficiency and water conservation
projects and is developing an array of financing products that will help
move America toward a clean energy model.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160518006560/en/
Copyright Business Wire 2016
Source: Business Wire
(May 18, 2016 - 5:38 PM EDT)
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